NovoNordisk_CushmanWakefield_RPF_FINAL

Novo Nordisk | Cushman & Wakefield 36

technical issues; the Lerchenberg location is 10 km out of town; The location is dominated by a public TV channel and residential properties. A size and needs assessment should be run to identify any opportunities to change. LEASE OVERVIEW SUBMARKET OVERVIEW MARKET OVERVIEW Landlord: Family Office allocated in Bremen Submarket Name: Lerchenberg Market Name: Mainz Lease Expiration: 8/31/2023 Submarket Rent: 120-192 EUR per sqm annually Annual Market Rent: 120-200 EUR per sqm annually Client Occupied Area: 6,102 sqm Annual Rent Growth: 2% Annual Rent Growth: 2% Asset Type: Office Vacancy Rate: 2% Vacancy Rate: 4% Class: B Inventory Area: Inventory Area: With the lease running for another 3 years; We would Under Construction: 17,000 sqm Under Construction: 60,000 sqm

MARKET INSIGHTS Broker Opinion of Rent: 144 EUR per sqm annually Within market The market is more tenant friendly with relocation and project development / BTS options. There is a property under refurbishment in the city centre of Mainz, close to the main railway station which could be ideal for the client. Currently, the client is located out of town.

The property was built in 1993 and since then 100% occupied by the client. It was sold in October 2017 to a family office located in Bremen. It is a 20 year old property, which might start seeing maintanance and

Brucknerstrasse 1 | Mainz, Rheinland-Pfalz Germany

recommend starting the process within the next 12 months and scan the market for different options depending on Novo Nordisk's requirements. Even if the location and everything is fine, we would start an early renewal process within the next 12 months; only in event that Novo Nordisk would like to renew for another 7.5-10 years, would we recommend approaching the landlord.